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Property
Description

Property Description

This prime apartment block is situated on a prime corner of Goldman Avenue, Florida. The property generates a gross annual income of R1,424,100 with the potential for further income through filling the remaining vacancies. The property stand measures 1,708m² and consists of ground floor high street retail, large apartments, and secure internal parking for 22 vehicles. Constructed with durable face brick, the four-storey building offers long-term low-maintenance benefits. Strategically positioned on a high-visibility corner site along a main road, the property also includes four large retail shops. These shops benefit from steady foot and vehicle traffic, making them highly attractive to retail tenants. The residential flats feature spacious interiors and private balconies, which appeal to long-term tenants seeking comfortable living spaces. The vacant units provide a unique opportunity for refurbishment and rent optimization, further increasing the property’s income potential. 

Features

High exposure, corner stand

15 Large apartments

Prepaid electricity

4 Retail units

GAI: R1 731 078

Long-standing tenants

Facebrick exterior

On-site secure parking for 22 bays

Area Description

Goldman Street in Florida is a prime investment location within the vibrant West Rand of Johannesburg. Known for its high visibility and constant traffic flow, this area offers excellent connectivity to major roads and the city center, making it a convenient hub for businesses and residents alike. The street blends retail, office, and residential spaces, attracting a diverse range of tenants and customers. Nearby amenities, including shopping centers, schools, and public transport, add to its appeal. For investors, Goldman Street offers a unique opportunity to tap into the growing demand for well-located, mixed-use properties in a thriving neighbourhood.

Area Amenities

Florida Junction 1.2km

Westgate Shopping Centre 4.5km

Florida Lake 2km

Unisa 1.6km

Flora Clinic 5.2km

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
Rosa Branca, 32 3rd Avenue , Florida - Property Ref: F108325, Roodepoort , Gauteng

AUCTION ADDRESS:
Masingita House , 41 West Street , Houghton Estate , Johannesburg , Gauteng

AUCTION DATE:
2024-11-21

AUCTION START TIME:
11:00

KEY FEATURES

ERF SIZE: 1708m2


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